Olympics 2024 Betting - Australia Medal Odds

Written by Chris Flavell Last time updated 12/12/2024

With the 2024 Olympics on the horizon, we have looked at the outright medals betting markets and Australia’s odds for a successful Games in Paris.

Australia’s Gold Medal Odds

Betting on the number of gold medals Australia will get is a popular choice with punters in the outright Olympics betting odds.

Australia has a brilliant record at swimming at the Olympics but other events like athletics, Olympic cycling, rowing, and Olympic basketball can again provide some golden moments in Paris. This market is usually an over/under market as you will see below:

Total Australia Medalsbet365 logoPalmerbet logo
Over 13.5

1.83

1.55

Under 13.5

1.83

2.15

Most Medals Betting

As well as betting on how many gold medals one particular nation will win at the Olympics, you can also bet on the country you think will get the most medals overall – both combined medals and the most gold medals. Here is a look at the top 10 in each of those markets.

Most Gold Medals Odds

This is about picking the nation you think will get the most gold medals. As you can see, odds vary from one bookie to the next, which is why shopping around for the best price is a must.

Countrybet365 logoUnibet logoPlayUp logo
USA

1.16

1.15

1.12

China

4.50

5.50

4.50

France

67.0

34.0

81.0

Japan

81.0

251.0

67.0

Great Britain

81.0

151.0

51.0

Netherlands

201.0

151.0

201.0

Australia

226.0

251.0

201.0

Italy

351.0

751.0

501.0

Germany

401.0

1001.0

151.0

Brazil

1001.0

2501.0

501.0

Most Medals Odds

This market is about total medals of gold, silver and bronze. While some nations are are predicted to do well in both gold and all medals there will be some differences. Some countries will excel at one sport and be able to pick up a lot of medals due to larger teams in that event, even if they aren’t gold.

Countrybet365 logoPalmerbet logo
USA

1.05

1.04

China

11.0

9.50

Great Britain

51.0

26.0

Japan

51.0

41.0

France

101.0

176.0

Italy

201.0

226.0

Australia

201.0

126.0

Germany

251.0

176.0

Netherlands

351.0

376.0

South Korea

1001.0

501.0

Individual Sports Betting Markets

Another option, as well as just backing medal tallies, is to back Australia in individual sports. These markets will be priced up close to the start of the Games but give the chance to wager on a country that will top the podium in certain sports or even just certain events.

For example, there will be a market to back Australia to get the most medals in swimming, but also the opportunity of backing them to win gold in the 100m freestyle or other event as well.

Whereas medal tally odds can be found in separate Olympic betting sections of online bookmakers, these individual event odds may also be listed in the outright betting sections of the sports they relate to.

Swimming to be the Australian Strength Again?

Most of the medals won by Australia at the Olympics have come from the pool. This makes swimming Australia’s best sport of the Games. Out of a total of 167 golds for Australia, 71 of those medals have come from swimming.

Australia is the second-most successful nation in Olympic swimming behind the USA and this looks to be another source of success in Paris in 2024. Emma McKeon – Australia’s most decorated Olympic swimmer – returns in the 100m butterfly and team replay events.

Others to look out for are 50m and 100m freestyle swimmer Shayna Jack on her Olympic debut, Ariarne Titmus, who set a 200m freestyle world record at the trials, plus Kyle Chalmers, Kaylee McKeown, and Mollie O’Callaghan.

Where to Bet on the Olympic Games 2024

We are big fans of bet365 and Unibet and these two bookies have been quick to price up Olympic Games markets. There is now a good list of bookies that are offering medal odds for Paris 2024.

The bookie you choose to bet with can really improve your betting experience. It’s always good to consider the features you’d like from your betting site, such as a great betting app, live streaming, multi bet features, or excellent stats. We have considered all of these when listing our best Olympic Games bookmakers.

Ad disclosure
How we rate
Best Olympics Bookie
#
1
5/5

Best Live Streaming

Many Sports Covered

Huge range of sports, Exceptional product, Lots of payment options
Payment methods (7 in total):
flexepin.png
visa-debit.png
apple-pay.png
payid.png
paypal.png
google-pay.png
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Minimum Deposit:
AU $1
Withdraw Time:
1-5 Days
Licences:
Northern Territory
App availability
App availability:
  • Great Live streaming
  • Superb app
  • Range of payment methods
#
2
4.5/5

Great Racing Bookie

Live Betting Available

Racing focus, other sports covered, good betting app
Payment methods (4 in total):
visa-debit.png
bpay.png
bank-transfer-logo.png
mastercard-logo.png
Licences:
New South Wales
App availability
  • Best racing pricing in markets
  • Lightening fast betting app
  • No live streams
#
3
4.5/5

Sports and Fantasy Betting

Range of Markets

Range of sports markets, Daily fantasy sports offered, Apps for iOS and Android
Payment methods (4 in total):
visa-debit.png
bank-transfer.png
bpay.png
poli.png
Minimum Deposit:
AU $10
Withdraw Time:
1-3 Days
Licences:
Northern Territory
App availability
App availability:
  • Range of sports markets
  • Fantasy sports betting available
  • Basic betting app
#
4
4.5/5

Social Betting Site

Copy and Follow Other Punters

Social betting site, copy bets, share tips
Payment methods (4 in total):
visa-debit.png
payid.png
apple-pay.png
paypal-logo.png
Licences:
Northern Territory
App availability
  • Social bookie
  • Copy bets
  • Fewer deposit methods
#
5
4.5/5

Aussie Sport Focus

Great for Multi Bets

Strong focus on racing, Excellent for enhanced odds, Good bet builder
Payment methods (5 in total):
paypal.png
poli.png
visa-debit.png
bpay.png
bank-transfer.png
Minimum Deposit:
AU $10
Withdraw Time:
1-2 Days
Licences:
New South Wales
App availability
App availability:
  • Competitive odds
  • Aussie-owned bookie
  • Higher minimum deposit limit
#
6
4.5/5

Great Betting App

Watch Live Streams

Great all-round bookie, Unibet TV, Impressive app
Payment methods (3 in total):
visa-debit.png
apple-pay.png
paypal.png
Minimum Deposit:
AU $5
Withdraw Time:
1-5 Days
Licences:
Northern Territory
App availability
App availability:
  • Impressive mobile app
  • Live streaming available
  • Fewer withdrawal options
#
7
4.5/5

Sports and eSports

eSports Live Streaming

Top mix of sport and eSports, Horse and greyhound racing offered, Easy-to-use site
Payment methods (4 in total):
visa-debit.png
apple-pay.png
google-pay.png
payid.png
Minimum Deposit:
AU $10
Withdraw Time:
1-3 Days
Licences:
Northern Territory
App availability
App availability:
  • Sports and eSports covered
  • Horse and greyhound racing
  • Less futures odds
#
8
4/5

Live Betting Online

Betting Exchange

Place live bets online, The Betfair Hub, High-value odds
Payment methods (4 in total):
visa-debit.png
paypal.png
bank-transfer.png
payid.png
Minimum Deposit:
AU $5
Withdraw Time:
1-3 Days
Licences:
Northern Territory
App availability
App availability:
  • Live betting via the exchange
  • Bet against other punters
  • No general sportsbook
#
9
4/5

Horse Racing Live Streams

Big Races Covered

Superb betting app, Watch live horse racing, Range of sports markets
Payment methods (7 in total):
visa-debit.png
paypal-logo.png
apple-pay.png
google-pay.png
bank-transfer-logo.png
payid.png
bpay.png
Minimum Deposit:
AU $10
Withdraw Time:
1-2 Days
Licences:
New South Wales
App availability
App availability:
  • Good horse racing coverage
  • Horse racing live streaming
  • Less deposit methods
#
10

Best Fantasy Betting Site

Large Prize Pools

Array of fantasy sports leagues, Big prize pools, Private fantasy leagues
Payment methods (4 in total):
poli.png
visa-debit.png
bank-transfer.png
bpay.png
Minimum Deposit:
AU $5
Withdraw Time:
1-3 Days
Licences:
Northern Territory
App availability
App availability:
  • Excellent choice of fantasy leagues
  • Big prize pools
  • No general betting markets

How To Bet on the Olympics?

It isn’t always easy to find and bet on odds for the Olympics, even with the best Australian betting sites, so let us talk you through it. This is because the games don’t happen very often so it isn’t always a given you know how to bet on them. However, it is a simple process. Once you have registered with a bookie that has the odds you want, it is quick and easy to place your bet.

1
register new account
Register an account

Register a betting account with some of our top Aussie betting sites.

 

2
deposit
Deposit

Pick you chosen payment method and place a deposit before betting.

3
Select betting market image
Search for the right market

There should be an Olympics betting section listed with all the other sports in the betting section of the site. If not it could be in the novelty section, which is the case for bet365. Head to that section and scroll to the different markets to see the latest odds for each.

 

4
enter amount
Select you bet and stake

Make your selection and enter the amount of money you’re ready to wager.

 

5
confirm bet
Confirm your bet

Click the button to confirm the bet.

 

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Our experts manually test and compare every betting site to offer our readers detailed and up-to-date information. We rank bookies based on several important criteria, including apps, markets, odds, special features etc. To learn more about the review process, visit the How we rate page.

We are a professional review site that may receive compensation from the betting sites and products we review. We test each bookmaker to a high standard and all views given are our own.